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Jan 28, 2010
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there are stories like this all across america. after two years of recession, the economy is growing again. retirement funds have started to gain back some of their value. businesses are beginning to invest again and slowly, some are starting to hire again. but i realize for every success story, there are other stories, of men and women who wake up with the anguish of not knowing where their next paycheck will come from, who send out resumes week after week and hear nothing in response. that is why jobs must be our number one focus in 2010 and that's why i'm calling for a new jobs bill tonight. now, the true engine of job creation in this country will always be america's business. the government can create the conditions necessary for businesses to expand and hire more workers. we should start where most new jobs do, in small businesses. companies that begin when -- companies that begin when an entrepreneur -- when an entrepreneur takes a chance on a dream or a worker decides it's time she became her own boss. through sheer grit an
there are stories like this all across america. after two years of recession, the economy is growing again. retirement funds have started to gain back some of their value. businesses are beginning to invest again and slowly, some are starting to hire again. but i realize for every success story, there are other stories, of men and women who wake up with the anguish of not knowing where their next paycheck will come from, who send out resumes week after week and hear nothing in response. that is...
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Jan 28, 2010
01/10
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the value of america's houses and savings would have fallen either further. people would have rushed to take their money out of banks. it would have brought about utter collapse. i don't know a better way to say it than that. if people wonder if that was true, all they have to do is look back at what happened in the fall of 2008. you saw the value of american savings fall by almost 40%. trillions of dollars in lost wealth and millions left their homes. thousands and thousands of businesses had to close. that's what happens when you let a crisis get out of control. government should never let that happen. if they don't act and this is important for people to understand. people think it's unfair for the government to act to rescue a financial system. you cannot help an economy recover and create jobs. you can't preserve the value of people's savings without a functioning financial system. >> another moment when we requested the hearing that i was concerned about is the counter parties. they are looking into the whole issue. there have been comments that the cou
the value of america's houses and savings would have fallen either further. people would have rushed to take their money out of banks. it would have brought about utter collapse. i don't know a better way to say it than that. if people wonder if that was true, all they have to do is look back at what happened in the fall of 2008. you saw the value of american savings fall by almost 40%. trillions of dollars in lost wealth and millions left their homes. thousands and thousands of businesses had...
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Jan 28, 2010
01/10
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eye 175
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and god bless the united states of america. thank you. >> we will get reaction from those blogin tonight and some of the stories as they have been posted. now the republican response. here is the virginia governor, bob macdonald. >> i am standing here in the virginia house. this building was designed by the thomas jefferson. i am joined by republicans to address the challenges. we were encouraged to hear president obama speak about the need to create jobs. all americans should be able to find and keep meaningful work. many of us here tonight and many of you watching have family or friends that have lost jobs. in fact, one in 10 americans is unemployed. that is unacceptable. we face the highest compliment rate in years. bringing new jobs is a top priority. we must enact policies that innovation so america can better compete with the world. what government should not do is pile on more taxes. it was thomas jefferson who called for a wise and frugal government the. the federal government is trying to do too much. we were told that
and god bless the united states of america. thank you. >> we will get reaction from those blogin tonight and some of the stories as they have been posted. now the republican response. here is the virginia governor, bob macdonald. >> i am standing here in the virginia house. this building was designed by the thomas jefferson. i am joined by republicans to address the challenges. we were encouraged to hear president obama speak about the need to create jobs. all americans should be...
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Jan 28, 2010
01/10
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CSPAN2
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eye 133
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when president obama took office, america was in the midst of a crisis that shook our financial situation to its core and eclipsed access to credit markets. the administration exploited this crisis to pursue a relentless increase in federal spending in size and reach of the government. heading in this direction has made manners much worse for our fiscal future. last year congress enacted a trillion dollar surplus, stimulus, excuse me. last year congress enacted a trillion dollar stimulus sold with the promise that it would hold unemployment below 8%, and yet the unemployment rate continues to rise and now stands at the 25-year high of 10%. we learned that much of this stimulus which was neither targeted, timely, nor temporary, in fact, it was just a down payment on government programs. let's turn over to t.a.r.p.. t.a.r.p. was advertised as an emergency plan to heal financial markets, it has now become washington's latest slush fund. cbo's budget and economic outlook paints a startling picture of both the year we have left behind and the year we face and the time over the next decade. in
when president obama took office, america was in the midst of a crisis that shook our financial situation to its core and eclipsed access to credit markets. the administration exploited this crisis to pursue a relentless increase in federal spending in size and reach of the government. heading in this direction has made manners much worse for our fiscal future. last year congress enacted a trillion dollar surplus, stimulus, excuse me. last year congress enacted a trillion dollar stimulus sold...
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Jan 28, 2010
01/10
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CSPAN2
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eye 108
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and not only does it not undermine america's prosperity, it is the key to america's prosperity -- or one of the keys. because it maintains a sound money supply and tbhaws a time of crisis -- and because in a time of crisis like we had in late-2008, it is there to step up and may make the tough decisions, independent of the political process, and it has proven that it can do it. and so i would hope we wouldn't allow all of this fervor to find fault with people to overwhelm an extremely talented nominee who deserves to be reconfirmed and who we quite honestly need, who we need in that position as chairman of the federal reserve. mr. president, i yield the floor. the presiding officer: the senator from oregon is recognized. mr. merkley: mr. president, i rise today to oppose the nomination of ben bernanke as chairman of the fed. i do so as a member of the banking committee who voted against his nomination in that committee, because i researched his record, and on that record i believe that ben bernanke is not the right person to lead the fed. in short, bernanke's decisions over the last
and not only does it not undermine america's prosperity, it is the key to america's prosperity -- or one of the keys. because it maintains a sound money supply and tbhaws a time of crisis -- and because in a time of crisis like we had in late-2008, it is there to step up and may make the tough decisions, independent of the political process, and it has proven that it can do it. and so i would hope we wouldn't allow all of this fervor to find fault with people to overwhelm an extremely talented...
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Jan 28, 2010
01/10
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control america. that's not the america i grew up in. it is not the america that vermonters believe in, where individuals have a right to speak but not megacorporations. some come to the opposite conclusions about the right of orptions to spend unlimited money in elections for that enshrined in our laws and prior supreme court decisions. did we amend the constitution to somehow equate corporations to people? no, we did not. nowhere does the constitution even mention corporations. did we modify the first amendment? no, the first amendment reads as it did six years ago. indeed, as it did 219 years ago when the bill of rights was ratified and the 14th state in the union, vermont, ratified the constitution. as justice stevens noted in his dissent, the only relevant thing that has changed since austin mcconnell is the composition of the court. last week's decision and this troubling inconsistency with the court's other interpretations of the constitution leads us with serious questions about how to ensure
control america. that's not the america i grew up in. it is not the america that vermonters believe in, where individuals have a right to speak but not megacorporations. some come to the opposite conclusions about the right of orptions to spend unlimited money in elections for that enshrined in our laws and prior supreme court decisions. did we amend the constitution to somehow equate corporations to people? no, we did not. nowhere does the constitution even mention corporations. did we modify...